Wednesday, April 26, 2017

To keep the Administration tax reform priorities
live amid Congressional budget shutdown aversion negotiations, President
Trump has signaled the release of a preview of the pending June OMB
budget, this Wednesday. That means tax reform details.

There is no set time for President Trump’s
announcement. Spicer did not commit to timing during the daily White
House briefing but there’s been a chorus of warnings:

Spicer said: “And so we will continue to engage in that discussion
and outside stakeholders to try to get a plan really put together and
details laid out in the next several weeks once we make the announcement
tomorrow.”

Mulvaney says budget with detailed scoring still is projected for
release in June, but the White House will focus upon “principles, ideas,
and [tax] rates” for Wednesday.

Senate Majority Lead Mitch McConnell has provided similar
sentiments, saying that reform rumors “not worth anything at this
point.” He favors treating all businesses “similarly” when it comes to
tax reform and says it’s clear Congress will need to use a
reconciliation vehicle for tax reform.

“We will be disappointed on Wednesday when we see that this is the big announcement,” one lobbyist told Politico. “They should not be building this up for a big nothing burger.”